Genting-backed Singaporean pharma startup TauRx claims $2.5b valuation


Funded by investors including casino operator Genting, TauRx Pharmaceuticals is embarking on its latest trial to find a cure for Alzheimer’s.

REAPRA-backed Tribe Theory launches Venture Hotel for startups in Singapore

Tribe Theory says it aims to fulfil the need for connectivity and affordable accommodation for entrepreneurs by creating a new category in hospitality.

Microsoft to buy solar power from Singapore’s Sunseap in first Asia renewable deal

Microsoft will purchase 100% of the electricity generated from Sunseap’s 60 MW-peak solar power project for 20 years for its Singapore data operations.

Singapore Exchange among those in race to pick controlling stake in Tel Aviv bourse

The last major global deal the SGX engaged in was the acquisition of the Baltic Exchange in 2016

Singapore: MAS assessing regulatory curbs to protect cryptocurrency investors

Singapore, which is aiming to be a hub for fintech and so-called initial coin offerings in Asia, does not currently regulate virtual currencies.

People Digest: Zalora CEO resigns; Vingroup appoints new CEO

Zalora Group CEO Parker Gundersen has resigned, citing personal reasons. He is set to leave the fashion e-commerce firm at the end of May.

Singapore’s GIC forges $291m JV to develop residential properties in Mexico

Singapore’s sovereign fund GIC has partnered CCLA Group to develop and operate purpose-built, for-rent multi-family buildings across Mexico’s largest cities.

Temasek leads $24.7m round in US-based animal-free dairy firm Perfect Day

Perfect Day said the fundraising was the largest Series A in the history of the sustainable food technology industry.

Singapore’s Sea announces wider-than-expected loss, group president’s exit

The firm, which counts China’s Tencent as its biggest shareholder, said revenue for the December quarter rose 41% on a year earlier to $124.6 million, as it launched new games and offered older ones in new markets.

SGX to see first fintech listing on Catalist board with Ayondo IPO

Singapore-based PE firm Luminor Capital, a majority shareholder in Ayondo, is seeking to conduct a public float at a potential valuation of $105.6 million.